Dontnod Entertainment announced earlier this morning that Episode 1 of Life is Strange 2 is releasing for PC, Xbox One, and Playstation 4 on September 27. Pretty much all-but-officially-confirmed up until this point, Life is Strange 2 will be a new 5 episode series following up from the original Life is Strange from the same developers.
Story details about the sequel series are still incredibly thin, but Dontnod says there's more to come in August. We might also learn more with the free June 26 stand-alone release of The Awesome Adventures of Captain Spirit, which is stated to tie into the story of the sequel series proper.
Dontnod also released a little 20 second video of the announcement on their Youtube channel, linked below: